FedEx Corporation $FDX Shares Bought by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. grew its stake in shares of FedEx Corporation (NYSE:FDX) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 121,108 shares of the shipping service provider’s stock after purchasing an additional 6,325 shares during the period. FedEx makes up about 5.2% of Wilsey Asset Management Inc.’s holdings, making the stock its 11th largest position. Wilsey Asset Management Inc. owned about 0.05% of FedEx worth $28,558,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in FDX. Valeo Financial Advisors LLC boosted its holdings in FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after buying an additional 3,730,273 shares in the last quarter. Norges Bank purchased a new position in FedEx in the second quarter valued at about $605,497,000. AQR Capital Management LLC lifted its position in shares of FedEx by 750.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock valued at $230,862,000 after acquiring an additional 896,271 shares during the period. Dodge & Cox boosted its stake in shares of FedEx by 4.7% during the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after acquiring an additional 649,426 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of FedEx by 228.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 795,495 shares of the shipping service provider’s stock worth $180,824,000 after acquiring an additional 553,628 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wolfe Research boosted their target price on FedEx from $298.00 to $322.00 and gave the stock an “outperform” rating in a research report on Monday, December 8th. Weiss Ratings restated a “hold (c+)” rating on shares of FedEx in a report on Monday. Stifel Nicolaus upped their price target on shares of FedEx from $297.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday. The Goldman Sachs Group raised their price objective on shares of FedEx from $280.00 to $301.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Vertical Research cut their price objective on FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.13.

FedEx Stock Up 1.9%

FDX opened at $287.62 on Friday. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $295.24. The business has a 50-day moving average of $261.06 and a two-hundred day moving average of $240.75. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The stock has a market capitalization of $67.87 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.32.

FedEx (NYSE:FDX) last released its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $23.47 billion for the quarter, compared to analysts’ expectations of $22.79 billion. During the same period last year, the company earned $4.05 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, December 15th. FedEx’s dividend payout ratio is presently 33.86%.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.